STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $514.8M | $720.2M | $950.0M | $1.2B | $1.3B | |
| YoY % | — | +39.9% | +31.9% | +21.2% | +14.8% | |
| P / Sales | 14.4x | 8.9x | 10.1x | 9.6x | 8.3x | |
| EV / Sales | 14.2x | 9.3x | 10.5x | 9.9x | 8.6x | |
| Gross Profit, Adj. | $416.5M | $571.8M | $775.5M | $946.1M | $1.1B | |
| YoY % | — | +37.3% | +35.6% | +22.0% | +11.2% | |
| Margin % | 80.9% | 79.4% | 81.6% | 82.1% | 79.5% | |
| EV / Gross Profit | 17.6x | 11.8x | 12.9x | 12.1x | 10.9x | |
| EBITDA, Adj. | $-249.6M | $-227.4M | $-144.0M | $-46.7M | $-13.8M | |
| YoY % | — | +8.9% | +36.7% | +67.6% | +70.5% | |
| Margin % | -48.5% | -31.6% | -15.2% | -4.1% | -1.0% | |
| EV / EBITDA | -29.4x | -29.6x | -69.4x | -244.8x | -829.9x | |
| EBIT | $-285.9M | $-290.5M | $-215.7M | $-136.4M | $-124.3M | |
| YoY % | — | -1.6% | +25.7% | +36.7% | +8.9% | |
| Margin % | -55.5% | -40.3% | -22.7% | -11.8% | -9.4% | |
| EV / EBIT | -25.6x | -23.1x | -46.3x | -83.7x | -91.9x | |
| Net Income | $-265.2M | $-286.9M | $-189.7M | $-106.0M | $-100.8M | |
| YoY % | — | -8.2% | +33.9% | +44.1% | +4.9% | |
| Net Margin | -51.5% | -39.8% | -20.0% | -9.2% | -7.6% | |
| EPS (GAAP) | -$2.86 | -$2.10 | -$1.34 | -$0.72 | -$0.67 | |
| YoY % | — | +26.6% | +36.2% | +46.3% | +6.9% |